A company produces very unusual CD's for which the variable cost is $ 17 per CD and the fixed costs are $ 40000. They will sell the CD's for $ 45 each. Let n be the number of CD's produced, C(n) be the cost for producing n CD's, R(n) equal the revenue earned from selling n CD's, and P(n) equal the total Profit (Revenue minus Cost). Using this information, answer the questions below. Note: For each of the following, you must write a complete function using formal function notation to get full credit. For example, for the cost function, it must be in the form: C(n) = mn + b Write the total cost C(n) as a function of the number of CD's produced. Cost Function: Write the total revenue R(n) as a function of the number of CD's produced. Revenue Function: Write the total profit P(n) as a function of the number of CD's produced. Profit Function:
A company produces very unusual CD's for which the variable cost is $ 17 per CD and the fixed costs are $ 40000. They will sell the CD's for $ 45 each. Let n be the number of CD's produced, C(n) be the cost for producing n CD's, R(n) equal the revenue earned from selling n CD's, and P(n) equal the total Profit (Revenue minus Cost). Using this information, answer the questions below. Note: For each of the following, you must write a complete function using formal function notation to get full credit. For example, for the cost function, it must be in the form: C(n) = mn + b Write the total cost C(n) as a function of the number of CD's produced. Cost Function: Write the total revenue R(n) as a function of the number of CD's produced. Revenue Function: Write the total profit P(n) as a function of the number of CD's produced. Profit Function:
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
Recommended textbooks for you
Algebra and Trigonometry (6th Edition)
Algebra
ISBN:
9780134463216
Author:
Robert F. Blitzer
Publisher:
PEARSON
Contemporary Abstract Algebra
Algebra
ISBN:
9781305657960
Author:
Joseph Gallian
Publisher:
Cengage Learning
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
Algebra and Trigonometry (6th Edition)
Algebra
ISBN:
9780134463216
Author:
Robert F. Blitzer
Publisher:
PEARSON
Contemporary Abstract Algebra
Algebra
ISBN:
9781305657960
Author:
Joseph Gallian
Publisher:
Cengage Learning
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
Algebra And Trigonometry (11th Edition)
Algebra
ISBN:
9780135163078
Author:
Michael Sullivan
Publisher:
PEARSON
Introduction to Linear Algebra, Fifth Edition
Algebra
ISBN:
9780980232776
Author:
Gilbert Strang
Publisher:
Wellesley-Cambridge Press
College Algebra (Collegiate Math)
Algebra
ISBN:
9780077836344
Author:
Julie Miller, Donna Gerken
Publisher:
McGraw-Hill Education